AV Homes 10-Q 4 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 24, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'AV Homes, Inc.	'
Entity Central Index Key	'0000039677	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	22,094,133
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$212,709	$144,727
Restricted cash	11,348	3,956
Land and other inventories	338,014	240,078
Receivables, net	2,552	3,893
Property and equipment, net	37,070	37,844
Investments in unconsolidated entities	14,610	1,230
Prepaid expenses and other assets	21,420	11,138
Assets held for sale	12,243	23,862
Goodwill	5,976	0
Total Assets	655,942	466,728
Liabilities	'	'
Accounts payable	17,495	9,757
Accrued and other liabilities	16,165	14,280
Customer deposits and deferred revenues	5,584	2,323
Estimated development liability for sold land	33,201	33,232
Notes payable	299,981	105,402
Total Liabilities	372,426	164,994
Equity	'	'
Common Stock, par value $1 per share; Authorized: 50,000,000 shares; Issued: 22,182,101 shares at March 31, 2014 and 22,097,252 shares at December 31, 2013	22,191	22,097
Additional paid-in capital	395,698	394,504
Accumulated deficit	-131,354	-127,481
Equity before treasury stock	286,535	289,120
Treasury stock: at cost, 110,874 shares at June 30, 2014 and December 31, 2013	-3,019	-3,019
Total AV Homes stockholders’ equity	283,516	286,101
Non-controlling interests	0	15,633
Total Equity	283,516	301,734
Total Liabilities and Equity	$655,942	$466,728

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Common stock par value (in dollars per share)	$1	$1
Common Stock, authorized shares (in shares)	50,000,000	50,000,000
Common Stock, issued shares (in shares)	22,191,500	22,097,252
Treasury stock shares held (in shares)	110,874	110,874

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues	'	'	'	'
Homebuilding and amenity	$50,855	$22,705	$79,001	$45,253
Land sales	520	6,577	16,226	8,882
Other real estate	72	181	85	438
Total real estate revenues	51,447	29,463	95,312	54,573
Expenses	'	'	'	'
Homebuilding and amenity	49,380	23,025	78,009	45,790
Land sales	294	4,392	12,238	5,257
Other real estate	238	692	759	1,399
Total real estate expenses	49,912	28,109	91,006	52,446
Impairment charges	0	45	0	45
General and administrative expenses	3,852	4,292	8,248	7,997
Interest income and other	-70	-93	-173	-102
Interest expense	0	1,763	111	3,536
Total expenses	53,694	34,116	99,192	63,922
Equity in earnings (loss) from unconsolidated entities	-6	-15	-5	-78
Loss before income taxes	-2,253	-4,668	-3,885	-9,427
Income tax (expense) benefit	0	0	0	0
Net loss and comprehensive loss	-2,253	-4,668	-3,885	-9,427
Net income (loss) attributable to non-controlling interests in consolidated entities	36	0	329	0
Net loss and comprehensive loss attributable to AV Homes stockholders	($2,289)	($4,668)	($4,214)	($9,427)
Basic and diluted loss per share attributable to AV Homes stockholders (in dollars per share)	($0.10)	($0.36)	($0.19)	($0.74)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
OPERATING ACTIVITIES	'	'
Net loss (including net gain or loss attributable to non-controlling interests)	($3,885)	($9,427)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	1,602	1,344
Amortization of stock-based compensation	1,236	615
Impairment of Real Estate	0	45
Equity loss from unconsolidated entities	5	78
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	0	-22
Changes in operating assets and liabilities:	'	'
Restricted cash	-7,392	-43
Receivables, net	1,341	-83
Land and other inventories	-66,431	-17,087
Assets held for sale	11,619	9,166
Prepaid expenses and other assets	-1,468	372
Accounts payable, estimated development liability, and accrued and other liabilities	7,781	1,395
Customer deposits and deferred revenues	2,407	1,668
NET CASH USED IN OPERATING ACTIVITIES	-53,185	-11,935
INVESTING ACTIVITIES	'	'
Investment in property and equipment	-409	-764
Proceeds from sales of property and equipment	12	0
Acquisition of Royal Oak Homes	-64,794	0
Investment in unconsolidated entities	0	-95
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital	33	0
NET CASH USED IN INVESTING ACTIVITIES	-65,158	-859
Proceeds from Issuance of Common Stock	0	35,805
Proceeds from Issuance of Preferred Stock and Preference Stock	0	93,206
Proceeds from Issuance of Long-term Debt	200,000	0
Payments of Debt Issuance Costs	8,297	0
FINANCING ACTIVITIES	'	'
Principal payments of 4.50% Notes	-5,421	0
Contributions from consolidated joint venture partner	193	401
Payment of withholding taxes related to restricted stock and units withheld	-150	-34
NET CASH PROVIDED BY FINANCING ACTIVITIES	186,325	129,378
INCREASE IN CASH AND CASH EQUIVALENTS	67,982	116,584
Cash and cash equivalents at beginning of period	144,727	79,815
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$212,709	$196,399

Consolidated_Statements_of_Cas1

Consolidated Statements of Cash Flows (Parenthetical) (7.50% Notes [Member])	Mar. 31, 2014
Stated interest rate (percent)	7.50%
Convertible Notes Payable [Member]	'
Stated interest rate (percent)	7.50%

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	Basis of Presentation
	The accompanying consolidated financial statements include the accounts of AV Homes, Inc. and all subsidiaries, partnerships and other entities in which AV Homes, Inc. (“AV Homes," “we,” “us,” “our,” or “the Company”) has a controlling interest. Our investments in unconsolidated entities in which we have less than a controlling interest are accounted for using the equity method. The interim consolidated financial statements have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Accordingly, they do not include all information and footnotes required by U.S generally accepted accounting principles ("GAAP") for complete financial statements. These statements reflect all normal and recurring adjustments which, in the opinion of management, are necessary to present fairly the financial position, results of operations and cash flows of AV Homes at June 30, 2014 and for all periods presented. These statements should be read in conjunction with our consolidated financial statements and notes thereto included in AV Homes' Annual Report on Form 10-K for the year ended December 31, 2013. All significant intercompany accounts and transactions have been eliminated in consolidation.
	Use of Estimates
	The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
	TPG Investment in Company
	On June 19, 2013, we entered into a Securities Purchase Agreement (the "Purchase Agreement") by and among AV Homes and TPG Aviator, L.P. ("TPG Aviator") pursuant to which TPG Aviator agreed to acquire 2,557,474 shares of AV Homes’ common stock, par value $1.00 per share (the “Common Stock"), at a purchase price of $14.65 per share, and 665,754 shares of a newly authorized series of AV Homes’ preferred stock, designated as Series A Contingent Convertible Cumulative Redeemable Preferred Stock, par value $0.10 per share (the “Series A Preferred Stock"), at a purchase price and liquidation preference of $146.50 per share, for an aggregate investment in AV Homes by TPG Aviator of $135,000.
	On June 20, 2013, AV Homes and TPG Aviator closed the transactions (the “TPG Investment") contemplated by the Purchase Agreement, and AV Homes issued to TPG Aviator the Common Stock and the Series A Preferred Stock in the amounts and in exchange for the purchase price described above.
	On September 18, 2013, we held a special meeting of stockholders at which our stockholders: (1) approved the right to convert, at the option of the Company or the holders of the Series A Preferred Stock, the Series A Preferred Stock into 6,657,543 shares of our Common Stock and (2) approved TPG Aviator's pre-emptive rights following the approval of such conversion to participate in future issuances of our Common Stock or securities convertible into or exercisable for our Common Stock. Following the meeting of stockholders, we provided notice to TPG Aviator of our intention to convert the Series A Preferred Stock as of September 18, 2013. The Common Stock issuable upon conversion of the Series A Preferred Stock was issued on September 19, 2013 and the Series A Preferred Stock was cancelled.
	In accordance with GAAP, before its conversion, the Series A Preferred Stock was classified outside of permanent equity because the redemption provisions were not solely within our control. We incurred approximately $7,212 of transaction fees in connection with the TPG Investment, which have been offset against the proceeds received. The contingent beneficial conversion feature of the Series A Preferred Stock was recognized upon stockholder approval of the conversion and amortized at the time of conversion by treating it as a deemed dividend in retained earnings and crediting additional paid-in capital for $11,894, consequently resulting in no diminution in total shareholders' equity or book value per share. We have assessed the provisions of the Series A Preferred Stock and concluded that the impact of any embedded derivative features was not material.
	Cash and Cash Equivalents and Restricted Cash
	We consider all highly liquid investments purchased with an initial maturity of three months or less to be cash equivalents.  As of June 30, 2014, our cash and cash equivalents were invested primarily in money market accounts that invest primarily in U.S. government securities.  Due to the short maturity period of the cash equivalents, the carrying amount of these instruments approximates their fair values.
	Our cash items that are restricted as to withdrawal or usage include deposits of $11,348 and $3,956 as of June 30, 2014 and December 31, 2013, respectively.  The balance as of June 30, 2014 is comprised primarily of $7,682 on deposit as an interest reserve to comply with the terms of our Senior Secured Credit Facility, $3,136 in land escrow accounts and $311 of housing deposits from customers that will become available when the housing contracts close.
	Land and Other Inventories
	Land and Other Inventories include expenditures for land acquisition, construction, land development, construction costs for homeowners association amenities, and direct and allocated indirect costs, including interest cost capitalized until development and construction are substantially completed. These costs are assigned to components of Land and Other Inventories based on specific identification, relative sales value, or area allocation methods.
	Land and Other Inventories are stated at cost unless the asset is determined to be impaired, in which case the asset is written to its fair value. In accordance with Accounting Standards Codification (ASC) 360, Property, Plant and Equipment (“ASC 360”), we review our Land and Other Inventories for indicators of impairment.
	For assets held and used, if indicators are present, we perform an impairment test in which the asset is reviewed for impairment by comparing the estimated future undiscounted cash flows to be generated by the asset to its carrying value. If such cash flows are less than the asset’s carrying value, the carrying value is written down to its estimated fair value. Generally, fair value is determined by discounting the estimated cash flows at a rate commensurate with the inherent risks associated with the asset and related estimated cash flow streams. The discount rate used in the determination of fair value would vary, depending on the state of development. Assumptions and estimates used in the determination of the estimated future cash flows are based on expectations of future operations and economic conditions and certain factors described below. Changes to these assumptions could significantly affect the estimates of future cash flows, which could affect the potential for future impairments. Due to the uncertainties of the estimation process, actual results could differ significantly from such estimates.
	We evaluate our Land and Other Inventories for impairment on a quarterly basis to reflect market conditions, including a significant oversupply of homes available for sale, higher foreclosure activity and significant competition. During the three and six months ended June 30, 2014 our impairment assessment resulted in no impairment charges. During the three and six months ended June 30, 2013 our impairment assessment resulted in impairment charges of $45.
	Receivables, net
	Receivables, net includes amounts in transit or due from title companies for house closings; membership dues related to our amenity operations; and contracts and mortgage notes receivable from the sale of land.
	Property and Equipment
	Property and Equipment are stated at cost and depreciation is computed by the straight-line method over the following estimated useful lives of the assets: land improvements 10 to 25 years; buildings and improvements 8 to 39 years; and machinery, equipment and fixtures 3 to 7 years.  Maintenance and operating expenses of equipment utilized in the development of land are capitalized to land inventory.  Repairs and maintenance are expensed as incurred.
	Property and Equipment includes amenities such as club facilities, dining facilities, and golf courses owned by us. These amenities include expenditures for land, construction, and direct and allocated costs, including interest cost incurred during development and construction.
	Each reporting period, we review our Property and Equipment for indicators of impairment in accordance with ASC 360. For our amenities, which are located within our housing communities, indicators of potential impairment are similar to those of our housing communities (described above), as these factors may impact our ability to generate revenues at our amenities or cause construction costs to increase. In addition, we factor in the collectability and potential delinquency of the fees due for our amenities.  For the three and six months ended June 30, 2014 and 2013, we did not identify indicators of impairments for Property and Equipment. During 2013, management changed its plans to sell certain assets, resulting in the reclassification of these assets from assets held for sale to Property and Equipment. There was no change in the carrying value in these assets due to this reclassification.
	Assets Held for Sale
	We classify assets held for sale in accordance with the criteria set forth in ASC 360. We continue to opportunistically sell non-core commercial and industrial assets, as well as scattered lot positions and land assets that are in excess of our needed supply in a given market. Under this plan, assets that meet the criteria above are classified as held for sale.
	For assets held for sale (such as homes completed or under construction or vacant land parcels available for sale), we perform an impairment test in which the asset is reviewed for impairment by comparing the fair value (estimated sales price) less cost to sell the asset to its carrying value. If such fair value less cost to sell is less than the asset’s carrying value, the carrying value is written down to its estimated fair value less cost to sell.
	During the six months ended June 30, 2014, we sold assets held for sale with a carrying value of $12,024 for cash proceeds of $15,126. Included in this was the sale of a multi-family property in Arizona to a related party for $13,850 for a gain of $2,315.
	Investments in Partnerships and LLCs
	When we are either deemed to hold the controlling interest in a voting interest entity or deemed to be the primary beneficiary of a variable interest entity (“VIE”) we are required to consolidate the investment. The primary beneficiary of a VIE is the entity that has both of the following characteristics: (a) the power to direct the activities of a VIE that most significantly impact the VIEs economic performance and (b) the obligation to absorb the majority of losses of the VIE or the right to receive the majority of benefits from the VIE. Investments where we don't hold the controlling interest and we are not the primary beneficiary are accounted for under the equity method.
	Factors considered when determining if we hold the controlling interest in a voting interest entity include who holds the general partnership or managing member interests, which partner or member makes the day-to-day decisions regarding the operations of the entity, and whether or not the other partners or members have substantive participating rights. With respect to VIEs, our variable interests may be in the form of (1) equity ownership, (2) contracts to purchase assets and/or (3) loans provided by us to the investor. We examine specific criteria and use judgment when determining if we are the primary beneficiary of a VIE. Factors considered in determining whether we are the primary beneficiary include risk and reward sharing, experience and financial condition of other partner(s), sufficiency of equity to conduct the operations of the entity, voting rights, involvement in decisions significantly impacting the entity's economic performance, level of economic disproportionality between us and the other partner(s) and contracts to purchase assets from VIEs.
	Non-Controlling Interest
	At December 31, 2013 we consolidated an investment in a LLC where AV Homes was determined to be the primary beneficiary due to a related party affiliation. Therefore, the LLC's financial statements were consolidated in our financial statements and the other partner’s equity in the LLC was recorded as non-controlling interest as a component of consolidated equity.   At June 30, 2014, we were no longer considered the primary beneficiary of this LLC due to a discontinuation of the related party affiliation and therefore deconsolidated this LLC, in accordance with ASC 810, Consolidation. At June 30, 2014 and December 31, 2013, non-controlling interest was $0 and $15,633, respectively.
	Purchase Accounting
	When acquiring a business, we allocate the purchase price of real estate to the tangible and intangible assets and liabilities acquired based on their estimated fair values. In making estimates of fair values for this purpose, we use a number of sources, including independent appraisals and information obtained about each property as a result our pre-acquisition due diligence and its marketing and housing activities.
	Goodwill
	Goodwill, if any, arises from business combinations and represents the excess of the cost of an acquired entity over the net fair value amounts that were assigned to the identifiable assets acquired and the liabilities assumed. Goodwill is tested for impairment at the reporting unit level on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value.
	Revenues
	In accordance with ASC 360, revenues from the sales of housing units are recognized when the sales are closed and title passes to the purchasers. In addition, revenues from land sales are recognized in full at closing, provided the buyer's initial and continuing investment is adequate, any financing is considered collectible and there is no significant continuing involvement. Sales incentives are included in Real estate revenue-Homebuilding in the accompanying consolidated statements of operations and comprehensive income (loss).
	Warranty Costs
	Warranty reserves for houses are established to cover estimated costs for materials and labor with regard to warranty-type claims to be incurred subsequent to the closing of a house.  Reserves are determined based on historical data and other relevant factors.  We have, and require our subcontractors to have, general liability, property, errors and omissions, workers compensation, and other business insurance. These insurance policies protect us against a portion of our risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. We may have recourse against subcontractors for certain claims relating to workmanship and materials.  Warranty reserves are included in Accrued and Other Liabilities in the accompanying consolidated balance sheets.
	During the three and six months ended June 30, 2014 and 2013, changes in the warranty reserve consist of the following:
		Three Months						Six Months
		2014			2013			2014			2013
	Accrued warranty reserve, beginning of period	$	833		$	453		$	638		$	549
	Estimated warranty expense	84			147			467			255
	Amounts charged against warranty reserve	(111		)	(103		)	(299		)	(307		)
	Accrued warranty reserve, end of period	$	806		$	497		$	806		$	497
	Income Taxes
	Income taxes have been provided using the liability method under ASC 740, Income Taxes (“ASC 740”).  The liability method is used in accounting for income taxes where deferred income tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences reverse.
	We evaluate our deferred tax assets quarterly to determine if valuation allowances are required.  ASC 740 requires that companies assess whether valuation allowances should be established based on the consideration of all available evidence using a “more likely than not” standard.  Our cumulative loss position over the evaluation period and the uncertain and volatile market conditions provided significant evidence supporting the need for a valuation allowance.  During the six months ended June 30, 2014, we recognized an increase of $1,641 in the valuation allowance.  As of June 30, 2014, our deferred tax asset valuation allowance was $131,873.  In future periods, the allowance could be reduced based on sufficient evidence indicating that it is more likely than not that a portion of our deferred tax assets will be realized.
	Any interest or penalties that have been assessed in the past have been minimal and immaterial to our financial results.  In the event we are assessed any interest or penalties in the future, we plan to include them in our statement of operations and comprehensive income (loss) as income tax expense.
	Share-Based Compensation
	The Amended and Restated 1997 Incentive and Capital Accumulation Plan (2005 Restatement), as amended, (the “Incentive Plan”) provides for the grant of stock options, stock appreciation rights, stock awards, performance awards, and stock units to officers, employees and directors of AV Homes.  The exercise prices of stock options may not be less than the stock exchange closing price of our common stock on the date of grant.  Stock option awards under the Incentive Plan generally expire 10 years after the date of grant. On June 2, 2011, our stockholders approved the Amended and Restated 1997 Incentive and Capital Accumulation Plan (2011 Restatement) (the "Incentive Plan") to, among other things, increase the aggregate number of shares of our common stock, par value $1.00 per share, authorized for issuance under the Incentive Plan by 700,000 shares from 1,500,000 shares to 2,200,000 shares and extend the term of the Incentive Plan until October 25, 2020.
	As of June 30, 2014, an aggregate of 1,050,722 shares of our common stock, subject to certain adjustments, were reserved for issuance under the Incentive Plan, including an aggregate of 810,020 options, restricted stock units and stock units granted. There were 240,702 shares available for grant at June 30, 2014.
	As of June 30, 2014, there was $2,263 of unrecognized compensation expense related to unvested restricted stock units. That expense is expected to be recognized over a weighted-average period of 1.67 years.
	As of June 30, 2014, there was $4,154 of unrecognized compensation expense related to unvested stock options. That expense is expected to be recognized over a weighted-average period of 2.1 years.
	Earnings (Loss) Per Share
	Basic earnings (loss) per share is computed by dividing net income (loss) attributable to AV Homes stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of AV Homes.  The computation of diluted loss per share for the three and six months ended June 30, 2014 and 2013 did not assume the effect of restricted stock units, employee stock options, the 4.50% Notes, the 7.50% Notes, or the 7.50% Exchange Notes because the effects were antidilutive.
	The weighted average number of shares outstanding in calculating basic earnings per share includes the cancellation of 0 shares and 7,870 shares of common stock and the issuance of 16,540 and 35,603 shares of common stock for the three and six months ended June 30, 2014, respectively, and the cancellation of 0 shares and 2,364 shares of common stock and the issuance of 2,559,833 and 2,565,607 shares of common stock for the three and six months ended June 30, 2013, respectively. In accordance with ASC 260, Earnings Per Share, non-vested restricted shares are not included in basic earnings per share until the vesting requirements are met.
	The following table represents a reconciliation of the net loss and weighted average shares outstanding for the calculation of basic and diluted loss per share for the three and six months ended June 30, 2014 and 2013:
		Three Months						Six Months
		2014			2013			2014			2013
Numerator:
Basic and diluted loss per share – net loss	$	(2,289	)	$	(4,668	)	$	(4,214	)	$	(9,427	)
Denominator:
Basic and diluted weighted average shares outstanding	21,940,284			12,993,514			21,935,097			12,824,927
Basic and diluted loss per share	$	(0.10	)	$	(0.36	)	$	(0.19	)	$	(0.74	)
Comprehensive Income (Loss)
Net loss and comprehensive loss are the same for the three and six months ended June 30, 2014 and 2013.
Recent Accounting Pronouncements
In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers" (“ASU 2014-09"). The standard is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. ASU 2014-09 is effective for the Company for fiscal and interim periods beginning January 1, 2017 and early application is not permitted. We are currently evaluating the impact that the standard will have on our financial condition, results of operations, cash flows, and disclosures.
In July 2013, the Financial Accounting Standards Board ("FASB") issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU 2013-11"). This update will require companies to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, unless certain conditions exist. ASU 2013-11 was effective for our interim and annual periods beginning January 1, 2014. The adoption of ASU 2013-11 did not have a material impact on our consolidated financial position or results of operations.

Royal_Oaks_Homes_Acquisition

Royal Oaks Homes Acquisition	6 Months Ended
	Jun. 30, 2014
Business Combinations [Abstract]	'
Royal Oaks Homes Acquisition	'
	Royal Oak Homes Acquisition
	On March 13, 2014, we acquired substantially all of the assets and certain of the liabilities of Royal Oak Homes, LLC (“Royal Oak”) and certain land positions from an affiliate of Royal Oak. Royal Oak and its affiliate acquire and develop raw land and construct single family homes in the Central Florida area. The transaction will expand our presence in Central Florida and our existing presence in the Poinciana market. With over 2,500 primary residential lots owned or controlled, Royal Oak enhances our position in a key growth market. The total purchase price paid under the acquisition agreements was approximately $65,000 in cash, which includes a potential $3,000 payment related to an earn-out covering the financial results for 2014 and 2015. The earn-out has a preliminary fair value of $2,500. The actual amount of the earn-out may be more or less than the $3,000 target amount based on the performance of the Royal Oak business through the end of 2015. We will not pay any earn-out amounts unless the Royal Oak business achieves at least 50% of the target amount of financial performance. The results of Royal Oak are included in the Company's consolidated financial statements from the acquisition date of March 13, 2014.
	The Royal Oak acquisition was accounted for in accordance with ASC 805, Business Combinations ("ASC 805"). We recorded the acquired assets and liabilities at their estimated fair value. We determined the estimated fair values with the assistance of appraisals or valuations performed by independent third-party specialists, discounted cash flow analyses, quoted market prices where available, and estimates by management. To the extent the consideration transferred exceeded the fair value of the net assets acquired in this transaction, such excess was assigned to goodwill.
	We acquired substantially all of the assets of Royal Oak, including all of its real estate, land acquisition agreements and permits, and certain of its leases, contracts, commitments and purchase orders. We also assumed certain liabilities of Royal Oak, including the liabilities and obligations relating to the acquired contracts but excluding certain home warranty obligations relating to homes sold by Royal Oak prior to the acquisition. We will, however, provide warranty administrative services of up to $150 per home with respect to these home warranty obligations for the two years following the closing of the acquisition.
	The following table summarizes the preliminary calculation of the fair value of the total consideration transferred to Royal Oak and its affiliate and the provisional amounts of assets acquired and liabilities assumed as of the acquisition date:
	Preliminary calculation of purchase price consideration
	Cash paid for Royal Oak net assets		$	26,066
	Cash paid for bulk land purchase		28,009
	Contingent consideration (earn-out)		2,500
	Debt repaid at closing		8,827
	Total consideration		65,402
	Assets acquired and liabilities assumed
	Assets
	Prepaids and other current assets		582
	Land and other inventories		60,530
	Property, plant and equipment		366
	Trade name		614
	Goodwill		5,976
	Total assets acquired		68,068
	Liabilities
	Accounts payable		1,343
	Accrued and other liabilities		469
	Customer deposits		854
	Total liabilities assumed		2,666
	Total net assets acquired		65,402
	Fair value
	Cash and equivalents, other assets, accounts payable, and accrued and other liabilities were generally stated at historical carrying values given the short-term nature of these assets and liabilities. Liabilities were recorded at historical carrying values in accordance with ASC 805.
	The Company determined the fair value of inventory on a lot-by-lot basis primarily using a combination of market comparable land transactions, where available, and discounted cash flow models, and independent appraisals were also utilized in certain instances. These estimated cash flows are significantly impacted by estimates related to expected average home selling prices and sales incentives, expected sales paces and cancellation rates, expected land development and construction timelines, and anticipated land development, construction, and overhead costs. Such estimates must be made for each individual community and may vary significantly between communities.
	The fair values for acquired intangible assets were determined based on valuations performed by independent valuation specialists. The $614 of acquired intangible assets relates to trade names that will generally be amortized over three years. Amortization expense for these assets totaled $56 and $69 for the three and six months ended June 30, 2014, respectively, which is included in the consolidated statements of operations within homebuilding expense.
	The Company has completed its preliminary analysis of its business combination accounting as of June 30, 2014. As of August 4, 2014, the Company had not received final valuations from certain independent valuation specialists, including the valuation of acquired property and equipment. Additionally, the Company had not completed its final review of the valuation of acquired inventory, and certain other assets and liabilities. Final determinations of the values of assets acquired and liabilities assumed may result in adjustments to the values presented above and a corresponding adjustment to goodwill. As such, the Company has not completed the assignment of goodwill to reporting units or its determination of the amount of goodwill that is expected to be deductible for tax purposes at this time.
	Transaction and integration costs
	Transaction and integration costs directly related to the Royal Oak acquisition, including legal, accounting and broker fees, totaled $129 and $1,020 for the three and six months ended June 30, 2014, respectively, the majority of which are included in the consolidated statements of operations within corporate general and administrative expenses. Such costs were expensed as incurred in accordance with ASC 805.
	Goodwill
	As of the acquisition date, goodwill includes the expected economic value attributable to Royal Oak’s assembled workforce. The acquisition provides increased scale and presence in an existing market with immediate revenue opportunities through an established backlog.
	Supplemental pro forma information
	The following represents pro forma operating results as if Royal Oak had been included in the Company’s consolidated statements of operations as of the beginning of the fiscal years presented:
		Three Months Ended June 30,						Six Months Ended
								June 30,
		2014			2013			2014			2013
	Revenue	$	51,447		$	44,589		$	108,448		$	78,813
	Net income (loss)	(2,289		)	(2,491		)	(2,095		)	(5,973		)
	Loss per common share - basic and diluted	$	(0.10	)	$	(0.19	)	$	(0.10	)	$	(0.47	)
	The supplemental pro forma operating results have been determined after adjusting the operating results of Royal Oak to reflect additional amortization that would have been recorded assuming the fair value adjustments to intangible assets had been applied as of January 1, 2014 and 2013. Certain other adjustments, including those related to conforming accounting policies and adjusting acquired inventory to fair value, have not been reflected in the supplemental pro forma operating results due to the impracticability of estimating such impacts. These results may not be indicative of future operating results.

Land_and_Other_Inventories

Land and Other Inventories	6 Months Ended
	Jun. 30, 2014
Land and Other Inventories [Abstract]	'
Land and Other Inventories	'
	Land and Other Inventories
	Land and Other Inventories consist of the following:
		30-Jun-14			31-Dec-13
	Active Adult
	Land developed and in process of development	$	65,372		$	57,138
	Land held for future development or sale	33,120			58,423
	Homes completed or under construction	47,953			25,478
	Total Active Adult	146,445			141,039
	Primary Residential
	Land developed and in process of development	135,668			77,983
	Homes completed or under construction	46,676			11,013
	Total Primary Residential	182,344			88,996
	Land developed and in process of development-Other	9,225			10,043
		$	338,014		$	240,078
	We capitalize interest to inventories during the period of development in accordance with ASC 835, Interest ("ASC 835"). Homebuilding interest capitalized as cost of inventories is included in cost of sales as related units or lots are sold. To the extent our homebuilding debt exceeds our qualified assets, as defined in ASC 835, we expense a portion of interest incurred. Qualified homebuilding assets consist of all land, lots and homes, excluding finished unsold homes or finished models, within projects that are actively selling or under development.
	The following table represents interest incurred, interest capitalized, and interest expense for the three and six months ended June 30, 2014 and 2013:
		Three Months						Six Months
		2014			2013			2014			2013
	Interest incurred	$	2,356		$	2,326		$	4,687		$	4,650
	Interest capitalized	(2,356		)	(563		)	(4,576		)	(1,114		)
	Interest expense	$	—		$	1,763		$	111		$	3,536

Investments_in_Partnerships_an

Investments in Partnerships and LLCs	6 Months Ended
	Jun. 30, 2014
Variable Interest Entities [Abstract]	'
Investments in Partnerships and LLCs	'
	Investments in Partnerships and LLCs
	We participate in entities with equity interests ranging from 20% to 58% for the purpose of acquiring and/or developing land in which we may or may not have a controlling interest or be the primary beneficiary. We determine the method for accounting for our investment at inception or upon a reconsideration event.
	Consolidated Investments
	In May 2012, we entered into an agreement with JEN Arizona 4, LLC to form a limited liability company, EM 646, LLC (“EM 646”).  We hold a 58.2% interest in the venture, which was organized for the purpose of acquiring, entitling, developing, and distributing specific sections of real property located in Mesa, Arizona.  The property was acquired in November 2012 and is distributed to the partners at cost, once certain entitlements and development activities are completed. On May 14, 2014 EM 646 distributed $7,085 of developed land to AV Homes.
	As of June 30, 2014 and December 31, 2013, our consolidated balance sheets include $13,418 and $33,997, respectively, in land inventory owned by EM 646, included in Investments in unconsolidated entities and Land and other inventories, respectively. As of June 30, 2014, we were no longer considered the primary beneficiary of EM 646 and therefore deconsolidated this entity. The decrease from December 31, 2013 to June 30, 2014 is due to the distribution of a portion of the land out of the joint venture to the partners and to the aforementioned deconsolidation of the entity from our financial statements. The investment in EM 646 is accounted for as an equity method investment as of June 30, 2014.
	We and our equity partners make capital contributions to the entity on a pro rata basis. The obligation to make such capital contributions is governed by the entity’s operating agreement.
	As of June 30, 2014, this entity was financed by partner equity and does not have third-party debt. In addition, we have not provided any guarantees to the entity or our equity partner. The assets of our investee can only be used to settle obligations of the investee.
	Equity Method Investments
	We share in the profits and losses of unconsolidated entities generally in accordance with our ownership interests. We and our equity partners make initial and ongoing capital contributions to these unconsolidated entities on a pro rata basis. The obligation to make capital contributions is governed by each unconsolidated entity’s respective operating agreement. We made contributions totaling $0 and $95 to our unconsolidated entities during the six months ended June 30, 2014 and 2013, respectively. The balance of our investments in unconsolidated entities was $14,610 and $1,230 at June 30, 2014 and December 31, 2013, respectively. The increase is due to the Company no longer being considered the primary beneficiary, resulting in the EM 646 entity being unconsolidated at June 30, 2014.

Debt

Debt	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Notes Payable	'
	Our notes payable are summarized as follows:
		June 30, 2014			December 31, 2013
	4.50% Convertible Notes due 2024 (a)	—			$	5,402
	7.50% Senior Convertible Notes due 2016	$	55,481		55,500
	7.50% Senior Exchange Convertible Notes due 2016	44,500			44,500
	8.50% Senior Notes due 2019	200,000			—
	(a) These Notes were tendered and repaid on April 1, 2014.
	We made interest payments of $3,871 and $4,057 for the six months ended June 30, 2014 and 2013, respectively.
	8.50% Senior Notes due 2019
	On June 30, 2014, we completed an underwritten offering for $200,000 aggregate principal amount of our 8.50% Senior Notes due 2019 (the “8.50% Notes”). The 8.50% Notes mature on July 1, 2019 unless earlier converted, redeemed or repurchased.
	Interest : Interest on the 8.50% Notes is 8.50% per year, payable semi-annually in arrears in cash on January 1 and July 1 of each year, commencing January 1, 2015.
	Optional redemption : The 8.50% Notes will be redeemable at our option, in whole or in part, at any time on or after July 1, 2016, at certain redemption prices, together with accrued and unpaid interest, if any, to, but excluding, the date of redemption.
	•	At any time prior to July 1, 2016, we may redeem up to 35% of the original principal amount of the notes with the proceeds of certain equity offerings at a redemption price of 108.500% of the principal amount of
	the notes, together with accrued and unpaid interest, if any, to, but excluding, the date of redemption.
	•	At any time prior to July 1, 2016, we may also redeem some or all of the notes at a price equal to 100% of the principal amount of the notes, plus a “make-whole premium,” together with accrued and unpaid interest, if
	any, to, but excluding, the date of redemption.
	•	On or after July 1, 2016, the Company may, at its option, redeem the Notes, in whole or in part, at any time and from time to time, at the following redemption prices (expressed in percentages of the principal amount
	thereof), plus accrued and unpaid interest, if any, to but excluding the redemption date (subject to the right of
	Holders of record on the relevant record date to receive interest due on the relevant interest payment date
	falling prior to or on the redemption date), if redeemed during the 12-month period beginning on July 1 of each year indicated below:
	Year Percentage
	2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .106.375%
	2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .103.188%
	2018 and thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.000%
	Financial covenants: The indenture will limit our ability to enter into and execute certain business transactions and agreements.
	Exchange offer; registration rights: In connection with the issuance of the notes, we entered into an agreement with the initial purchasers obligating us to file a registration statement with the SEC within 360 days so that the initial purchasers can:
	•	exchange the notes for registered notes having substantially the same terms as the notes and evidencing the same indebtedness as the notes
	•	exchange the related note guarantees for registered guarantees having substantially the same terms as the original note guarantees.
	We have assessed the 8.50% Notes and concluded that the impact of any embedded derivative features are not material as of June 30, 2014.
	Senior Secured Credit Facility
	On April 7, 2014, we entered into a senior secured credit facility with JPMorgan Chase Bank, N.A., as agent, a lender and a letter of credit issuer. The other lenders and letter of credit issuers include Royal Bank of Canada and Credit Suisse AG.
	The senior secured credit facility includes revolving credit and letter of credit facilities in an aggregate principal amount of up to $65,000, with an “accordion” feature that allows us, with the consent of the lenders, to increase the aggregate amount to $175,000. The senior secured credit facility also includes a swing line loan facility in an aggregate principal amount of up to $30,000. The maximum amount available under the senior secured credit facility is limited to 100% of cash maintained in a borrowing base account, to the extent it exceeds the interest reserve, escrowed deposits and funds payable to us following the sale of real property, plus the following, subject to certain limitations:
		•		85% of the appraised value of our real property that is under contract or under construction and is or is planned to be single-family residential housing units or model homes; plus
		•		65% of the appraised value of our finished lots and lots under development; plus
		•		50% of the appraised value of our entitled lands that are not finished lots or lots under development.
	To be included in this borrowing base, the real property must be owned by us or one of our subsidiaries that guaranties the senior credit facility and it must be appraised, pledged as collateral and meet certain other criteria. At June 30, 2014, we had qualified assets in the borrowing base of $62,000 and no borrowings outstanding.

Estimated_Development_Liabilit

Estimated Development Liability for Sold Land	6 Months Ended
	Jun. 30, 2014
Estimated Development Liability for Sold Land [Abstract]	'
Estimated Development Liability for Sold Land	'
	Estimated Development Liability for Sold Land
	The estimated development liability consists primarily of utilities improvements in Rio Rico and Poinciana for more than 8,000 home sites previously sold, in most cases prior to 1980, and is summarized as follows:
		30-Jun-14			31-Dec-13
	Gross estimated unexpended costs	$	36,086		$	36,117
	Less costs relating to unsold home sites	(2,885		)	(2,885		)
	Estimated development liability for sold land	$	33,201		$	33,232
	The estimated development liability for sold land is reduced by actual expenditures and is evaluated and adjusted, as appropriate, to reflect management’s estimate of potential costs.  In addition, we obtain third-party engineer evaluations and adjust this liability to reflect changes in the estimated costs. We recorded charges associated with these obligations of $0 and $10 during the three months ended June 30, 2014 and 2013, respectively, and $0 and $29 during the six months ended June 30, 2014 and 2013, respectively. Cash expenditures associated with these obligations were $23 and $10 during three months ended June 30, 2014 and 2013, respectively, and $31 and $20, during six months ended June 30, 2014 and 2013, respectively. Future increases or decreases of costs for construction, material and labor, as well as other land development and utilities infrastructure costs, may have a significant effect on the estimated development liability.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	We are involved in various pending litigation matters primarily arising in the normal course of our business. These cases are in various procedural stages. Although the outcome of these matters cannot be determined, we believe it is probable, in accordance with ASC 450-20, Loss Contingencies, that certain claims may result in costs and expenses estimated at approximately $0 and $275, which have been accrued in the accompanying consolidated balance sheets as of June 30, 2014 and December 31, 2013, respectively. The decrease from December 31, 2013 is due to a settlement that was paid in the six month period ending June 30, 2014. Liabilities or costs arising out of these and other currently pending litigation is not expected to have a material adverse effect on our business, consolidated financial position or results of operations.
	Performance bonds, issued by third-party entities, are used primarily to guarantee our performance to construct improvements in our various communities. As of June 30, 2014, we had outstanding performance bonds of approximately $22,820. We do not believe that it is likely any of these outstanding performance bonds will be drawn upon.

Segments

Segments	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segments	'
	Segments
	Our current operations include the following reportable segments: the development, sale and management of active adult communities; the development and sale of primary residential communities; and the sale of commercial, industrial or other land.
	Our operating segments are defined as a component of an enterprise for which discrete financial information is available and is reviewed regularly by the chief operating decision maker, or decision-making group, to evaluate performance and make operating decisions. We have identified our chief operating decision maker as the Chief Executive Officer.
	The following table summarizes our information for reportable segments for the three and six months ended June 30, 2014 and 2013:
		Three Months						Six Months
	Revenues:	2014			2013			2014			2013
	Segment revenues
	Active adult communities	$	27,593		$	10,156		$	43,942		$	22,162
	Primary residential	$	23,262		12,549			35,059			23,091
	Commercial, industrial, or other land sales	$	520		6,577			16,226			8,882
	Other operations	$	72		181			85			438
	Total Revenues	51,447			29,463			95,312			54,573
	Operating income (loss):
	Segment operating income (loss)
	Active adult communities	$	1,176		$	(1,554	)	$	1,004		$	(2,433	)
	Primary residential	$	299		1,189			(12		)	1,851
	Commercial, industrial, or other land sales	$	226		2,185			3,988			3,625
	Other operations	$	59		66			40			254
		1,760			1,886			5,020			3,297
	Unallocated income (expenses)
	Interest income and other	70			93			173			102
	Equity loss from unconsolidated entities	(6		)	(15		)	(5		)	(78		)
	Net gain attributable to non-controlling interests	(36		)	—			(329		)	—
	General and administrative expenses	(3,852		)	(4,292		)	(8,248		)	(7,997		)
	Interest expense	—			(1,763		)	(111		)	(3,536		)
	Other real estate expenses	(225		)	(577		)	(714		)	(1,215		)
	Loss attributable to AV Homes	$	(2,289	)	$	(4,668	)	$	(4,214	)	$	(9,427	)

Fair_Value_Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures	'
	Fair Value Disclosures
	ASC 820, Fair Value Measurements and Disclosures (“ASC 820”), provides guidance for using fair value to measure assets and liabilities, defines fair value, establishes a framework for measuring fair value under GAAP, expands disclosures about fair value measurements, and establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	The accounting standards require that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories:
	Level 1: Fair value determined based on quoted market prices in active markets for identical assets and liabilities.
	Level 2: Fair value determined using significant observable inputs, such as quoted prices for similar assets or liabilities or quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, or inputs that are derived principally from or corroborated by observable market data, by correlation or other means.
	Level 3: Fair value determined using significant unobservable inputs, such as discounted cash flows, or similar techniques.
	The carrying value of cash and cash equivalents, restricted cash, receivables, and accounts payable approximates the fair value due to their short-term maturities.
	The majority of our non-financial instruments, which include Land and Other Inventories and Property and Equipment, are not required to be carried at fair value on a recurring basis. However, if certain triggering events occur such that a non-financial instrument is required to be evaluated for impairment, a resulting asset impairment would require that the non-financial instrument be recorded at the lower of historical cost or its fair value.
	For assets held for sale (vacant land parcels available for sale), we perform an impairment test in which the asset is reviewed for impairment by comparing the fair value (estimated sales price) less cost to sell the asset to its carrying value. If such fair value less cost to sell is less than the asset’s carrying value, the carrying value is written down to its estimated fair value less cost to sell.
	For assets held and used, if indicators are present, we perform an impairment test in which the asset is reviewed for impairment by comparing the estimated future undiscounted cash flows to be generated by the asset to its carrying value. If such cash flows are less than the asset’s carrying value, the carrying value is written down to its estimated fair value. Generally, fair value is determined by discounting the estimated cash flows at a rate commensurate with the inherent risks associated with the asset and related estimated cash flow streams. The discount rate used in the determination of fair value would vary depending on the stage of development. Assumptions and estimates used in the determination of the estimated future cash flows are based on expectations of future operations and economic conditions and certain factors described below. Changes to these assumptions could significantly affect the estimates of future cash flows which could affect the potential for future impairments. Due to the uncertainties of the estimation process, actual results could differ significantly from such estimates.
	The carrying amounts and fair values of our financial instruments at June 30, 2014 and December 31, 2013 are as follows:
		June 30, 2014				December 31, 2013
		Carrying		Fair		Carrying		Fair
		Amount		Value		Amount		Value
	Notes Payable:
	4.50% Notes	$	—	$	—	$	5,402	$	5,425
	7.50% Notes and 7.50% Exchange Notes	$	99,981	$	106,009	$	100,000	$	111,775
	8.50% Senior Notes	$	200,000	200,000		$	—	$	—
	In estimating the fair value of financial instruments, we used the following methods and assumptions:
	7.50% Notes, 7.50% Exchange Notes, and 4.50% Notes: At June 30, 2014 and December 31, 2013, the fair value of the 7.50% Notes, 7.50% Exchange Notes, and the 4.50% Notes is estimated, based on quoted or estimated market prices.  These fall within Level 2 of the fair value hierarchy.

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 10 - Subsequent Event
	On July 31, 2014 we closed on an agreement to sell one of our non-core assets in Florida for approximately $11,500.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

'

Basis of Presentation

'

Basis of Presentation

The accompanying consolidated financial statements include the accounts of AV Homes, Inc. and all subsidiaries, partnerships and other entities in which AV Homes, Inc. (“AV Homes," “we,” “us,” “our,” or “the Company”) has a controlling interest. Our investments in unconsolidated entities in which we have less than a controlling interest are accounted for using the equity method. The interim consolidated financial statements have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Accordingly, they do not include all information and footnotes required by U.S generally accepted accounting principles ("GAAP") for complete financial statements. These statements reflect all normal and recurring adjustments which, in the opinion of management, are necessary to present fairly the financial position, results of operations and cash flows of AV Homes at June 30, 2014 and for all periods presented. These statements should be read in conjunction with our consolidated financial statements and notes thereto included in AV Homes' Annual Report on Form 10-K for the year ended December 31, 2013. All significant intercompany accounts and transactions have been eliminated in consolidation.

Use of Estimates

'

Use of Estimates

The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Cash and Cash Equivalents and Restricted Cash

'

Cash and Cash Equivalents and Restricted Cash

We consider all highly liquid investments purchased with an initial maturity of three months or less to be cash equivalents.  As of June 30, 2014, our cash and cash equivalents were invested primarily in money market accounts that invest primarily in U.S. government securities.  Due to the short maturity period of the cash equivalents, the carrying amount of these instruments approximates their fair values.

Our cash items that are restricted as to withdrawal or usage include deposits of $11,348 and $3,956 as of June 30, 2014 and December 31, 2013, respectively.  The balance as of June 30, 2014 is comprised primarily of $7,682 on deposit as an interest reserve to comply with the terms of our Senior Secured Credit Facility, $3,136 in land escrow accounts and $311 of housing deposits from customers that will become available when the housing contracts close.

Land and Other Inventories

'

Land and Other Inventories

Land and Other Inventories include expenditures for land acquisition, construction, land development, construction costs for homeowners association amenities, and direct and allocated indirect costs, including interest cost capitalized until development and construction are substantially completed. These costs are assigned to components of Land and Other Inventories based on specific identification, relative sales value, or area allocation methods.

Land and Other Inventories are stated at cost unless the asset is determined to be impaired, in which case the asset is written to its fair value. In accordance with Accounting Standards Codification (ASC) 360, Property, Plant and Equipment (“ASC 360”), we review our Land and Other Inventories for indicators of impairment.

For assets held and used, if indicators are present, we perform an impairment test in which the asset is reviewed for impairment by comparing the estimated future undiscounted cash flows to be generated by the asset to its carrying value. If such cash flows are less than the asset’s carrying value, the carrying value is written down to its estimated fair value. Generally, fair value is determined by discounting the estimated cash flows at a rate commensurate with the inherent risks associated with the asset and related estimated cash flow streams. The discount rate used in the determination of fair value would vary, depending on the state of development. Assumptions and estimates used in the determination of the estimated future cash flows are based on expectations of future operations and economic conditions and certain factors described below. Changes to these assumptions could significantly affect the estimates of future cash flows, which could affect the potential for future impairments. Due to the uncertainties of the estimation process, actual results could differ significantly from such estimates.

We evaluate our Land and Other Inventories for impairment on a quarterly basis to reflect market conditions, including a significant oversupply of homes available for sale, higher foreclosure activity and significant competition. During the three and six months ended June 30, 2014 our impairment assessment resulted in no impairment charges. During the three and six months ended June 30, 2013 our impairment assessment resulted in impairment charges of $45.

Receivables, net

'

Receivables, net

Receivables, net includes amounts in transit or due from title companies for house closings; membership dues related to our amenity operations; and contracts and mortgage notes receivable from the sale of land.

Property and Equipment

'

Property and Equipment

Property and Equipment are stated at cost and depreciation is computed by the straight-line method over the following estimated useful lives of the assets: land improvements 10 to 25 years; buildings and improvements 8 to 39 years; and machinery, equipment and fixtures 3 to 7 years.  Maintenance and operating expenses of equipment utilized in the development of land are capitalized to land inventory.  Repairs and maintenance are expensed as incurred.

Property and Equipment includes amenities such as club facilities, dining facilities, and golf courses owned by us. These amenities include expenditures for land, construction, and direct and allocated costs, including interest cost incurred during development and construction.

Each reporting period, we review our Property and Equipment for indicators of impairment in accordance with ASC 360. For our amenities, which are located within our housing communities, indicators of potential impairment are similar to those of our housing communities (described above), as these factors may impact our ability to generate revenues at our amenities or cause construction costs to increase. In addition, we factor in the collectability and potential delinquency of the fees due for our amenities.  For the three and six months ended June 30, 2014 and 2013, we did not identify indicators of impairments for Property and Equipment. During 2013, management changed its plans to sell certain assets, resulting in the reclassification of these assets from assets held for sale to Property and Equipment. There was no change in the carrying value in these assets due to this reclassification.

Assets Held for Sale

'

Assets Held for Sale

We classify assets held for sale in accordance with the criteria set forth in ASC 360. We continue to opportunistically sell non-core commercial and industrial assets, as well as scattered lot positions and land assets that are in excess of our needed supply in a given market. Under this plan, assets that meet the criteria above are classified as held for sale.

For assets held for sale (such as homes completed or under construction or vacant land parcels available for sale), we perform an impairment test in which the asset is reviewed for impairment by comparing the fair value (estimated sales price) less cost to sell the asset to its carrying value. If such fair value less cost to sell is less than the asset’s carrying value, the carrying value is written down to its estimated fair value less cost to sell.

Investments in Partnerships and LLCs

'

Investments in Partnerships and LLCs

When we are either deemed to hold the controlling interest in a voting interest entity or deemed to be the primary beneficiary of a variable interest entity (“VIE”) we are required to consolidate the investment. The primary beneficiary of a VIE is the entity that has both of the following characteristics: (a) the power to direct the activities of a VIE that most significantly impact the VIEs economic performance and (b) the obligation to absorb the majority of losses of the VIE or the right to receive the majority of benefits from the VIE. Investments where we don't hold the controlling interest and we are not the primary beneficiary are accounted for under the equity method.

Factors considered when determining if we hold the controlling interest in a voting interest entity include who holds the general partnership or managing member interests, which partner or member makes the day-to-day decisions regarding the operations of the entity, and whether or not the other partners or members have substantive participating rights. With respect to VIEs, our variable interests may be in the form of (1) equity ownership, (2) contracts to purchase assets and/or (3) loans provided by us to the investor. We examine specific criteria and use judgment when determining if we are the primary beneficiary of a VIE. Factors considered in determining whether we are the primary beneficiary include risk and reward sharing, experience and financial condition of other partner(s), sufficiency of equity to conduct the operations of the entity, voting rights, involvement in decisions significantly impacting the entity's economic performance, level of economic disproportionality between us and the other partner(s) and contracts to purchase assets from VIEs.

Goodwill

'

Goodwill

Goodwill, if any, arises from business combinations and represents the excess of the cost of an acquired entity over the net fair value amounts that were assigned to the identifiable assets acquired and the liabilities assumed. Goodwill is tested for impairment at the reporting unit level on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value.

Non-controlling Interest

'

Non-Controlling Interest

At December 31, 2013 we consolidated an investment in a LLC where AV Homes was determined to be the primary beneficiary due to a related party affiliation. Therefore, the LLC's financial statements were consolidated in our financial statements and the other partner’s equity in the LLC was recorded as non-controlling interest as a component of consolidated equity.   At June 30, 2014, we were no longer considered the primary beneficiary of this LLC due to a discontinuation of the related party affiliation and therefore deconsolidated this LLC, in accordance with ASC 810, Consolidation. At June 30, 2014 and December 31, 2013, non-controlling interest was $0 and $15,633, respectively.

Revenues

'

Revenues

In accordance with ASC 360, revenues from the sales of housing units are recognized when the sales are closed and title passes to the purchasers. In addition, revenues from land sales are recognized in full at closing, provided the buyer's initial and continuing investment is adequate, any financing is considered collectible and there is no significant continuing involvement. Sales incentives are included in Real estate revenue-Homebuilding in the accompanying consolidated statements of operations and comprehensive income (loss).

Warranty Costs

'

Warranty Costs

Warranty reserves for houses are established to cover estimated costs for materials and labor with regard to warranty-type claims to be incurred subsequent to the closing of a house.  Reserves are determined based on historical data and other relevant factors.  We have, and require our subcontractors to have, general liability, property, errors and omissions, workers compensation, and other business insurance. These insurance policies protect us against a portion of our risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. We may have recourse against subcontractors for certain claims relating to workmanship and materials.  Warranty reserves are included in Accrued and Other Liabilities in the accompanying consolidated balance sheets.

During the three and six months ended June 30, 2014 and 2013, changes in the warranty reserve consist of the following:

Three Months

Six Months

2014

2013

2014

2013

Accrued warranty reserve, beginning of period

$

833

$

453

$

638

$

549

Estimated warranty expense

84

147

467

255

Amounts charged against warranty reserve

(111

)

(103

)

(299

)

(307

)

Accrued warranty reserve, end of period

$

806

$

497

$

806

$

497

Income Taxes

'

Income Taxes

Income taxes have been provided using the liability method under ASC 740, Income Taxes (“ASC 740”).  The liability method is used in accounting for income taxes where deferred income tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences reverse.

We evaluate our deferred tax assets quarterly to determine if valuation allowances are required.  ASC 740 requires that companies assess whether valuation allowances should be established based on the consideration of all available evidence using a “more likely than not” standard.  Our cumulative loss position over the evaluation period and the uncertain and volatile market conditions provided significant evidence supporting the need for a valuation allowance.  During the six months ended June 30, 2014, we recognized an increase of $1,641 in the valuation allowance.  As of June 30, 2014, our deferred tax asset valuation allowance was $131,873.  In future periods, the allowance could be reduced based on sufficient evidence indicating that it is more likely than not that a portion of our deferred tax assets will be realized.

Any interest or penalties that have been assessed in the past have been minimal and immaterial to our financial results.  In the event we are assessed any interest or penalties in the future, we plan to include them in our statement of operations and comprehensive income (loss) as income tax expense.

Share-based Compensation

'

Share-Based Compensation

The Amended and Restated 1997 Incentive and Capital Accumulation Plan (2005 Restatement), as amended, (the “Incentive Plan”) provides for the grant of stock options, stock appreciation rights, stock awards, performance awards, and stock units to officers, employees and directors of AV Homes.  The exercise prices of stock options may not be less than the stock exchange closing price of our common stock on the date of grant.  Stock option awards under the Incentive Plan generally expire 10 years after the date of grant. On June 2, 2011, our stockholders approved the Amended and Restated 1997 Incentive and Capital Accumulation Plan (2011 Restatement) (the "Incentive Plan") to, among other things, increase the aggregate number of shares of our common stock, par value $1.00 per share, authorized for issuance under the Incentive Plan by 700,000 shares from 1,500,000 shares to 2,200,000 shares and extend the term of the Incentive Plan until October 25, 2020.

As of June 30, 2014, an aggregate of 1,050,722 shares of our common stock, subject to certain adjustments, were reserved for issuance under the Incentive Plan, including an aggregate of 810,020 options, restricted stock units and stock units granted. There were 240,702 shares available for grant at June 30, 2014.

As of June 30, 2014, there was $2,263 of unrecognized compensation expense related to unvested restricted stock units. That expense is expected to be recognized over a weighted-average period of 1.67 years.

As of June 30, 2014, there was $4,154 of unrecognized compensation expense related to unvested stock options. That expense is expected to be recognized over a weighted-average period of 2.1 years.

Earnings (Loss) Per Share

'

Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to AV Homes stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of AV Homes.  The computation of diluted loss per share for the three and six months ended June 30, 2014 and 2013 did not assume the effect of restricted stock units, employee stock options, the 4.50% Notes, the 7.50% Notes, or the 7.50% Exchange Notes because the effects were antidilutive.

The weighted average number of shares outstanding in calculating basic earnings per share includes the cancellation of 0 shares and 7,870 shares of common stock and the issuance of 16,540 and 35,603 shares of common stock for the three and six months ended June 30, 2014, respectively, and the cancellation of 0 shares and 2,364 shares of common stock and the issuance of 2,559,833 and 2,565,607 shares of common stock for the three and six months ended June 30, 2013, respectively. In accordance with ASC 260, Earnings Per Share, non-vested restricted shares are not included in basic earnings per share until the vesting requirements are met.

The following table represents a reconciliation of the net loss and weighted average shares outstanding for the calculation of basic and diluted loss per share for the three and six months ended June 30, 2014 and 2013:

Three Months

Six Months

2014

2013

2014

2013

Numerator:

Basic and diluted loss per share – net loss

$

(2,289

)

$

(4,668

)

$

(4,214

)

$

(9,427

)

Denominator:

Basic and diluted weighted average shares outstanding

21,940,284

12,993,514

21,935,097

12,824,927

Basic and diluted loss per share

$

(0.10

)

$

(0.36

)

$

(0.19

)

$

(0.74

)

Comprehensive Income (Loss)

'

Comprehensive Income (Loss)

Net loss and comprehensive loss are the same for the three and six months ended June 30, 2014 and 2013.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Changes in warranty reserve	'
	During the three and six months ended June 30, 2014 and 2013, changes in the warranty reserve consist of the following:
		Three Months						Six Months
		2014			2013			2014			2013
	Accrued warranty reserve, beginning of period	$	833		$	453		$	638		$	549
	Estimated warranty expense	84			147			467			255
	Amounts charged against warranty reserve	(111		)	(103		)	(299		)	(307		)
	Accrued warranty reserve, end of period	$	806		$	497		$	806		$	497
Reconciliation of net loss and weighted averages shares outstanding for the calculation of basic and diluted loss per share	'
	The following table represents a reconciliation of the net loss and weighted average shares outstanding for the calculation of basic and diluted loss per share for the three and six months ended June 30, 2014 and 2013:
		Three Months						Six Months
		2014			2013			2014			2013
	Numerator:
	Basic and diluted loss per share – net loss	$	(2,289	)	$	(4,668	)	$	(4,214	)	$	(9,427	)
	Denominator:
	Basic and diluted weighted average shares outstanding	21,940,284			12,993,514			21,935,097			12,824,927
	Basic and diluted loss per share	$	(0.10	)	$	(0.36	)	$	(0.19	)	$	(0.74	)

Royal_Oaks_Homes_Acquisition_T

Royal Oaks Homes Acquisition (Tables)	6 Months Ended
	Jun. 30, 2014
Business Combinations [Abstract]	'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	'
	The following table summarizes the preliminary calculation of the fair value of the total consideration transferred to Royal Oak and its affiliate and the provisional amounts of assets acquired and liabilities assumed as of the acquisition date:
	Preliminary calculation of purchase price consideration
	Cash paid for Royal Oak net assets		$	26,066
	Cash paid for bulk land purchase		28,009
	Contingent consideration (earn-out)		2,500
	Debt repaid at closing		8,827
	Total consideration		65,402
	Assets acquired and liabilities assumed
	Assets
	Prepaids and other current assets		582
	Land and other inventories		60,530
	Property, plant and equipment		366
	Trade name		614
	Goodwill		5,976
	Total assets acquired		68,068
	Liabilities
	Accounts payable		1,343
	Accrued and other liabilities		469
	Customer deposits		854
	Total liabilities assumed		2,666
	Total net assets acquired		65,402
Pro Forma Operating Results	'
	The following represents pro forma operating results as if Royal Oak had been included in the Company’s consolidated statements of operations as of the beginning of the fiscal years presented:
		Three Months Ended June 30,						Six Months Ended
								June 30,
		2014			2013			2014			2013
	Revenue	$	51,447		$	44,589		$	108,448		$	78,813
	Net income (loss)	(2,289		)	(2,491		)	(2,095		)	(5,973		)
	Loss per common share - basic and diluted	$	(0.10	)	$	(0.19	)	$	(0.10	)	$	(0.47	)

Land_and_Other_Inventories_Tab

Land and Other Inventories (Tables)	6 Months Ended
	Jun. 30, 2014
Land and Other Inventories [Abstract]	'
Land and Other Inventories	'
	Land and Other Inventories consist of the following:
		30-Jun-14			31-Dec-13
	Active Adult
	Land developed and in process of development	$	65,372		$	57,138
	Land held for future development or sale	33,120			58,423
	Homes completed or under construction	47,953			25,478
	Total Active Adult	146,445			141,039
	Primary Residential
	Land developed and in process of development	135,668			77,983
	Homes completed or under construction	46,676			11,013
	Total Primary Residential	182,344			88,996
	Land developed and in process of development-Other	9,225			10,043
		$	338,014		$	240,078
Interest incurred, capitialized and expensed	'
	The following table represents interest incurred, interest capitalized, and interest expense for the three and six months ended June 30, 2014 and 2013:
		Three Months						Six Months
		2014			2013			2014			2013
	Interest incurred	$	2,356		$	2,326		$	4,687		$	4,650
	Interest capitalized	(2,356		)	(563		)	(4,576		)	(1,114		)
	Interest expense	$	—		$	1,763		$	111		$	3,536

Debt_Tables

Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Notes Payable	'
	Our notes payable are summarized as follows:
		June 30, 2014		December 31, 2013
	4.50% Convertible Notes due 2024 (a)	—		$	5,402
	7.50% Senior Convertible Notes due 2016	$	55,481	55,500
	7.50% Senior Exchange Convertible Notes due 2016	44,500		44,500
	8.50% Senior Notes due 2019	200,000		—
	(a) These Notes were tendered and repaid on April 1, 2014.

Estimated_Development_Liabilit1

Estimated Development Liability for Sold Land (Tables)	6 Months Ended
	Jun. 30, 2014
Estimated Development Liability for Sold Land [Abstract]	'
Estimated Development Liability for Sold Land	'
	The estimated development liability consists primarily of utilities improvements in Rio Rico and Poinciana for more than 8,000 home sites previously sold, in most cases prior to 1980, and is summarized as follows:
		30-Jun-14			31-Dec-13
	Gross estimated unexpended costs	$	36,086		$	36,117
	Less costs relating to unsold home sites	(2,885		)	(2,885		)
	Estimated development liability for sold land	$	33,201		$	33,232

Segments_Tables

Segments (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Reportable Segment Information	'
	The following table summarizes our information for reportable segments for the three and six months ended June 30, 2014 and 2013:
		Three Months						Six Months
	Revenues:	2014			2013			2014			2013
	Segment revenues
	Active adult communities	$	27,593		$	10,156		$	43,942		$	22,162
	Primary residential	$	23,262		12,549			35,059			23,091
	Commercial, industrial, or other land sales	$	520		6,577			16,226			8,882
	Other operations	$	72		181			85			438
	Total Revenues	51,447			29,463			95,312			54,573
	Operating income (loss):
	Segment operating income (loss)
	Active adult communities	$	1,176		$	(1,554	)	$	1,004		$	(2,433	)
	Primary residential	$	299		1,189			(12		)	1,851
	Commercial, industrial, or other land sales	$	226		2,185			3,988			3,625
	Other operations	$	59		66			40			254
		1,760			1,886			5,020			3,297
	Unallocated income (expenses)
	Interest income and other	70			93			173			102
	Equity loss from unconsolidated entities	(6		)	(15		)	(5		)	(78		)
	Net gain attributable to non-controlling interests	(36		)	—			(329		)	—
	General and administrative expenses	(3,852		)	(4,292		)	(8,248		)	(7,997		)
	Interest expense	—			(1,763		)	(111		)	(3,536		)
	Other real estate expenses	(225		)	(577		)	(714		)	(1,215		)
	Loss attributable to AV Homes	$	(2,289	)	$	(4,668	)	$	(4,214	)	$	(9,427	)

Fair_Value_Disclosures_Tables

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair value, by Balance Sheet Grouping	'
	The carrying amounts and fair values of our financial instruments at June 30, 2014 and December 31, 2013 are as follows:
		June 30, 2014				December 31, 2013
		Carrying		Fair		Carrying		Fair
		Amount		Value		Amount		Value
	Notes Payable:
	4.50% Notes	$	—	$	—	$	5,402	$	5,425
	7.50% Notes and 7.50% Exchange Notes	$	99,981	$	106,009	$	100,000	$	111,775
	8.50% Senior Notes	$	200,000	200,000		$	—	$	—

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Part One (Details) (USD $)

0 Months Ended

6 Months Ended

0 Months Ended

0 Months Ended

In Thousands, except Share data, unless otherwise specified

Sep. 18, 2013

Jun. 19, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Sep. 18, 2013

Jun. 19, 2013

Sep. 18, 2013

Jun. 19, 2013

Land Improvements [Member]

Land Improvements [Member]

Building and Improvements [Member]

Building and Improvements [Member]

Machinery, Equipment and Fixtures [Member]

Machinery, Equipment and Fixtures [Member]

Interest Reserve [Member]

Common Stock [Member]

Common Stock [Member]

Convertible Preferred Stock [Member]

Convertible Preferred Stock [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares agreed to sell (shares)

'

'

'

'

'

'

'

'

'

'

'

'

2,557,474

'

665,754

Common stock par value (in dollars per share)

'

'

$1

$1

'

'

'

'

'

'

'

'

$1

'

'

Sales price per share (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

$14.65

'

$146

Preferred stock par value (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.10

TPG's aggregate investment in AV homes

'

$135,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion of stock shares converted (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

6,657,543

'

Conversion of stock shares issued (in shares)

'

'

'

'

'

'

'

'

'

'

'

6,657,543

'

'

'

Transaction fees

'

'

'

'

'

'

'

'

'

'

'

'

'

7,212

'

Beneficial conversion feature

11,894

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted cash

'

'

11,348

3,956

'

'

'

'

'

'

7,682

'

'

'

'

Land escrow accounts

'

'

3,136

'

'

'

'

'

'

'

'

'

'

'

'

Housing deposits

'

'

$311

'

'

'

'

'

'

'

'

'

'

'

'

Estimated useful lives

'

'

'

'

'10 years

'25 years

'8 years

'39 years

'3 years

'7 years

'

'

'

'

'

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Part Two (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Class of Stock [Line Items]	'	'	'	'	'
Fair value of assets held for sale	'	'	$12,024	'	'
Cash proceeds from sale of property	'	'	15,126	'	'
Proceeds from sales of property and equipment	'	'	12	0	'
Non-controlling interest in joint ventures	0	'	0	'	15,633
Net income (loss) attributable to non-controlling interest	36	0	329	0	'
Affiliated Entity [Member] | ARIZONA	'	'	'	'	'
Class of Stock [Line Items]	'	'	'	'	'
Proceeds from sales of property and equipment	'	'	13,850	'	'
Gain on sale of Property	'	'	$2,315	'	'

Summary_of_Significant_Account5

Summary of Significant Accounting Policies - Part Three (Details) (USD $)	3 Months Ended		6 Months Ended			6 Months Ended			0 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 02, 2011	Jun. 30, 2014	Jun. 01, 2011
						Restricted Stock Units (RSUs) [Member]	Employee Stock Option [Member]	Amended and Restated 1997 Incentive and Capital Accumulation Plan [Member]	The Incentive Plan [Member]	The Incentive Plan [Member]	The Incentive Plan [Member]
Movement in Standard Product Warranty Accrual [Roll Forward]	'	'	'	'	'	'	'	'	'	'	'
Accrued warranty reserve, beginning of period	$833	$453	$638	$549	'	'	'	'	'	'	'
Estimated warranty expense	84	147	467	255	'	'	'	'	'	'	'
Amounts charged against warranty reserve	-111	-103	-299	-307	'	'	'	'	'	'	'
Accrued warranty reserve, end of period	806	497	806	497	'	'	'	'	'	'	'
Increase in deferred tax asset valuation allowance	'	'	1,641	'	'	'	'	'	'	'	'
Valuation allowance for deferred tax assets	131,873	'	131,873	'	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Vesting period	'	'	'	'	'	'	'	'10 years	'	'	'
Common Stock, Par or Stated Value Per Share	$1	'	$1	'	$1	'	'	'	$1	'	'
Increase decrease in authorized shares under incentive plan	'	'	'	'	'	'	'	'	700,000	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	'	'	'	'	'	'	'	'	2,200,000	'	1,500,000
Common Stock, Capital Shares Reserved for Future Issuance	'	'	'	'	'	'	'	'	'	1,050,722	'
Share-Based Compensation Arrangement By Share-Based Payment Award, Aggregate Number Of Shares Granted	'	'	'	'	'	'	'	'	'	810,020	'
Shares available for grant (in shares)	'	'	'	'	'	'	'	'	'	240,702	'
Unrecognized compensation expense	2,263	'	2,263	'	'	'	'	'	'	'	'
Weighted average expense recognition period (in years)	'	'	'	'	'	'1 year 8 months 1 day	'2 years 1 month 6 days	'	'	'	'
Unrecognized compensation expense for unvested stock options	$4,154	'	$4,154	'	'	'	'	'	'	'	'

Summary_of_Significant_Account6

Summary of Significant Accounting Policies - Loss Per Share (Details) (USD $)

3 Months Ended

6 Months Ended

In Thousands, except Share data, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

4.50% Notes [Member]

4.50% Notes [Member]

4.50% Notes [Member]

7.50% Notes [Member]

7.50% Notes [Member]

7.50% Notes [Member]

7.5% Senior Exchange Convertible Notes [Member]

7.5% Senior Exchange Convertible Notes [Member]

7.5% Senior Exchange Convertible Notes [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Stated interest rate (percent)

'

'

'

'

4.50%

4.50%

4.50%

7.50%

7.50%

7.50%

7.50%

7.50%

7.50%

Weighted average number of shares cancelled (in shares)

0

0

7,870

2,364

'

'

'

'

'

'

'

'

'

Issuance of common stock (in shares)

16,540

2,559,833

35,603

2,565,607

'

'

'

'

'

'

'

'

'

Numerator: [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

Basic and diluted loss per share - net loss

($2,289)

($4,668)

($4,214)

($9,427)

'

'

'

'

'

'

'

'

'

Denominator: [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

Basic and diluted weighted average shares outstanding (in shares)

21,940,284

12,993,514

21,935,097

12,824,927

'

'

'

'

'

'

'

'

'

Basic and diluted loss per share (in dollars per share)

($0.10)

($0.36)

($0.19)

($0.74)

'

'

'

'

'

'

'

'

'

Royal_Oaks_Homes_Acquisition_N

Royal Oaks Homes Acquisition - Narrative (Details) (Royal Oak LLC and Affiliate [Member], USD $)	0 Months Ended	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Mar. 13, 2014	Jun. 30, 2014	Jun. 30, 2014
Business Acquisition [Line Items]	'	'	'
Cash payments to acquire businesses	$65,000	'	'
Potential earn-out	3,000	'	'
Contingent consideration (earn-out)	2,500	'	'
Warranty administrative services	150	'	'
Warranty period	'2 years	'	'
Trade name	614	'	'
Amortization of Intangible Assets	'	56	0
Transaction and integration costs	'	129	1,020
Minimum [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Performance target to receive earn-out	50.00%	'	'
Trade Names [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Trade name	$614	'	'
Amortization period	'3 years	'	'
Lots Owned Or Controlled [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Number of primary residential lots	2,500	'	'

Royal_Oaks_Homes_Acquisition_F

Royal Oaks Homes Acquisition - Fair Value of the Total Consideration and Assets Acquired and Liabilities Assumed (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Mar. 13, 2014
In Thousands, unless otherwise specified			Royal Oak LLC and Affiliate [Member]
Business Acquisition [Line Items]	'	'	'
Cash paid for Royal Oak net assets	'	'	$26,066
Cash paid for bulk land purchase	'	'	28,009
Contingent consideration (earn-out)	'	'	2,500
Debt repaid at closing	'	'	8,827
Total consideration	'	'	65,402
Assets	'	'	'
Prepaids and other current assets	'	'	582
Land and other inventories	'	'	60,530
Property, plant and equipment	'	'	366
Trade name	'	'	614
Goodwill	5,976	0	5,976
Total assets acquired	'	'	68,068
Liabilities	'	'	'
Accounts payable	'	'	1,343
Accrued and other liabilities	'	'	469
Customer deposits	'	'	854
Total liabilities assumed	'	'	2,666
Total net assets acquired	'	'	$65,402

Royal_Oaks_Homes_Acquisition_P

Royal Oaks Homes Acquisition - Pro Forma Operating Results (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Business Combinations [Abstract]	'	'	'	'
Revenue	$51,447	$44,589	$108,448	$78,813
Net income (loss)	($2,289)	($2,491)	($2,095)	($5,973)
Loss per common share - basic and diluted (in dollars per share)	($0.10)	($0.19)	($0.10)	($0.47)

Land_and_Other_Inventories_Det

Land and Other Inventories (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total Land and other inventories	$338,014	'	$338,014	'	$240,078
Interest Expense	'	'	'	'	'
Interest incurred	2,356	2,326	4,687	4,650	'
Interest capitalized	-2,356	-563	-4,576	-1,114	'
Interest expense	0	1,763	111	3,536	'
Active adult [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Land developed and in process of development	65,372	'	65,372	'	57,138
Land held for future development or sale	33,120	'	33,120	'	58,423
Homes completed or under construction	47,953	'	47,953	'	25,478
Total Land and other inventories	146,445	'	146,445	'	141,039
Primary residential [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Land developed and in process of development	135,668	'	135,668	'	77,983
Homes completed or under construction	46,676	'	46,676	'	11,013
Total Land and other inventories	182,344	'	182,344	'	88,996
Other Operations [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Land developed and in process of development	$9,225	'	$9,225	'	$10,043

Investments_in_Partnerships_an1

Investments in Partnerships and LLCs (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	14-May-14	Jun. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
In Thousands, unless otherwise specified			EM 646 [Member]	EM 646 [Member]	EM 646 [Member]	EM 646 [Member]	Variable Interest Entity, Primary Beneficiary [Member]	Variable Interest Entity, Primary Beneficiary [Member]	Variable Interest Entity, Not Primary Beneficiary [Member]	Variable Interest Entity, Not Primary Beneficiary [Member]	Variable Interest Entity, Not Primary Beneficiary [Member]
					Minimum [Member]	Maximum [Member]
Noncontrolling Interest [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Ownership percentage (percent)	'	'	'	'	20.00%	'	'	'	'	'	'
Parent ownership percentage (percent)	'	'	58.00%	'	'	58.00%	'	'	'	'	'
Distribution Made to Partners, Value of Land Distributed	'	'	'	$7,085	'	'	'	'	'	'	'
Land and other inventories	338,014	240,078	'	'	'	'	13,418	33,997	'	'	'
Contributions to unconsolidated entities	'	'	'	'	'	'	'	'	0	95	'
AV Homes	'	'	'	'	'	'	'	'	$14,610	'	$1,230

Investments_in_Partnerships_an2

Investments in Partnerships and LLCs - Variable Interest Entities (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Assets: [Abstract]	'	'	'	'	'
Total Assets	$655,942	'	$655,942	'	$466,728
Liabilities and Partners' Capital: [Abstract]	'	'	'	'	'
Total Liabilities and Equity	655,942	'	655,942	'	466,728
Statement of operations for unconsolidated entities [Abstract]	'	'	'	'	'
Net loss (including net gain or loss attributable to non-controlling interests)	-2,253	-4,668	-3,885	-9,427	'
Equity in earnings (loss) from unconsolidated entities	-6	-15	-5	-78	'
Variable Interest Entity, Not Primary Beneficiary [Member]	'	'	'	'	'
Liabilities and Partners' Capital: [Abstract]	'	'	'	'	'
AV Homes	$14,610	'	$14,610	'	$1,230

Debt_Schedule_of_Debt_Details

Debt - Schedule of Debt (Details) (USD $)

0 Months Ended

6 Months Ended

6 Months Ended

Apr. 07, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Apr. 07, 2014

Mar. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Line of Credit [Member]

Line of Credit [Member]

4.5% Convertible Notes Due 2024 [Member]

4.5% Convertible Notes Due 2024 [Member]

7.50% Notes [Member]

7.50% Notes [Member]

7.50% Notes [Member]

7.50% Notes [Member]

7.50% Notes [Member]

7.50% Senior Exchange Convertible Notes Member [Member]

7.50% Senior Exchange Convertible Notes Member [Member]

8.5% Senior Notes Due 2019 [Member]

8.5% Senior Notes Due 2019 [Member]

8.5% Senior Notes Due 2019 [Member]

8.5% Senior Notes Due 2019 [Member]

8.5% Senior Notes Due 2019 [Member]

8.5% Senior Notes Due 2019 [Member]

8.5% Senior Notes Due 2019 [Member]

Convertible Debt [Member]

Convertible Debt [Member]

Senior Convertible Debt [Member]

Senior Convertible Debt [Member]

Senior Exchange Convertible Debt [Member]

Senior Exchange Convertible Debt [Member]

Senior Notes [Member]

Senior Notes [Member]

Senior Notes [Member]

Senior Notes [Member]

Senior Notes [Member]

Senior Notes [Member]

Senior Notes [Member]

Prior to July 1, 2016 [Member]

2016 [Member]

2017 [Member]

2018 and thereafter [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding debt

'

'

'

'

'

$0

$5,402,000

'

'

'

$55,481,000

$55,500,000

$44,500,000

$44,500,000

'

$200,000,000

$0

'

'

'

'

Interest payments

'

3,871,000

4,057,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate principal amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000,000

'

'

'

'

'

'

Stated interest rate (percent)

'

'

'

'

'

'

'

7.50%

7.50%

7.50%

'

'

'

'

8.50%

'

'

'

'

'

'

Redemption price percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

108.50%

106.38%

103.19%

100.00%

Redemption percentage of principal amount redeemed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35.00%

'

'

'

Maximum borrowing capacity

'

'

'

'

65,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Conditional maximum borrowing capacity

'

'

'

'

175,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Swing line maximum borrowing capacity

'

'

'

'

30,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Limitation to maximum borrowing capacity (in percent)

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of assets under borrowing base

'

'

'

62,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of appraised value restriction

85.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of appraised value restriction of lots under development

65.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of appraised value restriction land

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Borrowings outstanding

'

'

'

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated_Development_Liabilit2

Estimated Development Liability for Sold Land (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014	Dec. 31, 2013
					homesite
Estimated Development Liability for Sold Land [Abstract]	'	'	'	'	'	'
Number of estimated homes the estimated liability covers (homesites)	'	'	'	'	8,000	'
Gross estimated unexpended costs	$36,086	'	$36,086	'	'	$36,117
Less costs relating to unsold home sites	-2,885	'	-2,885	'	'	-2,885
Estimated development liability for sold land	33,201	'	33,201	'	'	33,232
Charges related to estimated liability for sold land	0	0	0	29	'	'
Cash expenditures for improvements	$0	$0	$31	$20	'	'

Stockbased_Compensation_Detail

Stock-based Compensation (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Unrecognized compensation expense	2,263
Unrecognized compensation expense for unvested stock options	4,154
Restricted Stock Units (RSUs) [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Weighted average expense recognition period (in years)	'1 year 8 months 1 day

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Pending Litigation [Member]	'	'
Loss Contingencies [Line Items]	'	'
Loss contingency on certain claims	$0	$275
Performance Guarantee [Member]	'	'
Loss Contingencies [Line Items]	'	'
Loss contingency on certain claims	$22,820	'

Segments_Details

Segments (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Real estate revenues	$51,447	$29,463	$95,312	$54,573
Operating income (loss)	1,760	1,886	5,020	3,297
Unallocated income (expenses) [Abstract]	'	'	'	'
Equity in earnings (loss) from unconsolidated entities	-6	-15	-5	-78
Net loss and comprehensive loss	-36	0	-329	0
Other real estate expenses	-3,852	-4,292	-8,248	-7,997
Net loss and comprehensive loss attributable to AV Homes stockholders	-2,289	-4,668	-4,214	-9,427
Interest expense	0	-1,763	-111	-3,536
Other real estate	-238	-692	-759	-1,399
Loss attributable to AV Homes	-2,253	-4,668	-3,885	-9,427
Active adult [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Real estate revenues	27,593	10,156	43,942	22,162
Operating income (loss)	1,176	-1,554	1,004	-2,433
Primary residential [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Real estate revenues	23,262	12,549	35,059	23,091
Operating income (loss)	299	1,189	-12	1,851
Commercial and Industrial and Other Land Sales [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Real estate revenues	520	6,577	16,226	8,882
Operating income (loss)	226	2,185	3,988	3,625
Other Operations [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Real estate revenues	72	181	85	438
Operating income (loss)	59	66	40	254
Unallocated Revenues [Member]	'	'	'	'
Unallocated income (expenses) [Abstract]	'	'	'	'
Interest income	70	93	173	102
Equity in earnings (loss) from unconsolidated entities	-6	-15	-5	-78
Net loss and comprehensive loss	-36	0	-329	0
Other real estate expenses	3,852	4,292	8,248	7,997
Interest expense	0	-1,763	-111	-3,536
Other real estate	($225)	($577)	($714)	($1,215)

Fair_Value_Disclosures_Carryin

Fair Value Disclosures - Carrying and Fair Values of Financial Instruments (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
4.50% Notes [Member]	'	'	'
Notes, mortgage notes and other debt [Abstract]	'	'	'
Stated interest rate (percent)	4.50%	4.50%	4.50%
7.50% Notes [Member]	'	'	'
Notes, mortgage notes and other debt [Abstract]	'	'	'
Stated interest rate (percent)	7.50%	7.50%	7.50%
7.5% Senior Exchange Convertible Notes [Member]	'	'	'
Notes, mortgage notes and other debt [Abstract]	'	'	'
Stated interest rate (percent)	7.50%	7.50%	7.50%
Estimate of Fair Value, Fair Value Disclosure [Member]	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'
Notes Payable, Fair Value Disclosure	200,000	'	0
Estimate of Fair Value, Fair Value Disclosure [Member] | 4.50% Notes [Member]	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'
Notes Payable, Fair Value Disclosure	0	'	5,425
Estimate of Fair Value, Fair Value Disclosure [Member] | Notes and Senior Exchange Convertible Notes [Member]	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'
Notes Payable, Fair Value Disclosure	106,009	'	111,775
Carrying Amount [Member]	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'
Notes Payable, Fair Value Disclosure	200,000	'	0
Carrying Amount [Member] | 4.50% Notes [Member]	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'
Notes Payable, Fair Value Disclosure	0	'	5,402
Carrying Amount [Member] | Notes and Senior Exchange Convertible Notes [Member]	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'
Notes Payable, Fair Value Disclosure	99,981	'	100,000

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent Event [Member], USD $)	0 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014
Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Proceeds from Sale of Productive Assets	$11,500